Mayer Brown JSM advises Mongolian bank on $580 mln bonds issuance
In Mongolia, Mayer Brown JSM has advised the Development Bank of Mongolia and the Ministry of Finance of the Government of Mongolia on its recent issuance of $580m senior guaranteed bonds. Mongolian law firm ARLEX Consulting Services provided Mongolian legal advice to the issuer.
Allen & Overy (A&O) and Mongolian firm GTs Advocates advised the underwriters in the issuance: Deutsche Bank, HSBC and ING.
“We believe that DBM will be a key channel for international capital flows into Mongolia, and a catalyst for Mongolia’s expected growth in the next decade. This transaction sets the foundation to fund domestic infrastructure investment and represents a milestone in our firm’s broad footprint in Mongolia,” said Hong Kong partner Jason Elder who led Mayer Brown JSM’s team in the issuance.
The same set of law firms were involved in DBM’s issuance of $600m Euro Medium Term Notes (EMTN) late last year.
Allen & Overy (A&O) and Mongolian firm GTs Advocates advised the underwriters in the issuance: Deutsche Bank, HSBC and ING.
“We believe that DBM will be a key channel for international capital flows into Mongolia, and a catalyst for Mongolia’s expected growth in the next decade. This transaction sets the foundation to fund domestic infrastructure investment and represents a milestone in our firm’s broad footprint in Mongolia,” said Hong Kong partner Jason Elder who led Mayer Brown JSM’s team in the issuance.
The same set of law firms were involved in DBM’s issuance of $600m Euro Medium Term Notes (EMTN) late last year.
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